IMARC Group’s recent study, titled “Ceramic Tiles Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2019-2024”, finds that the global ceramic tiles market size reached around US$ 70.9 Billion in 2018. Ceramic tiles are produced by an amalgamation of clay, sand, quartz and water. Due to their light weight along with anti-skid and anti-bacterial properties, these tiles have gained traction in different construction sectors around the globe. Moreover, they are more durable, can withstand exposure to acidic or caustic chemicals and are resistant to high temperature as compared to their counterparts. These tiles are mostly used in hotels, laboratories and hospitals where hygiene is of utmost importance. Moreover, as there are different product variants available in the market, they are preferred over other flooring products like concrete and marble.
Ceramic tiles offer different style and glaze options in both wall and floor tiles, ranging from traditional to western. With inflating income levels, consumers now look for stylish and modern flooring options which is greatly influencing the market growth. Moreover, growing construction activities and rapid industrialization, especially in India, China, Brazil and various GCC countries, have carved a huge demand for ceramic tiles for flooring and other requirements. Further, these tiles do not put enormous strain on the environment as they are manufactured using naturally-occurring minerals in an eco-friendly manner. In addition to this, progress in technology has led producers to further reduce the emission of harmful gases while manufacturing these tiles and also incorporate special equipment for selection, control and manipulation to launch them in various sizes, textures and shapes. Looking forward, the market is anticipated to reach a value of US$ 107.2 Billion by 2024, projecting a CAGR of 7.2% during 2019-2024.
- There are two broad segments of ceramic tiles – floor tiles and wall tiles. Among these, ceramic floor tiles represent the most popular type, accounting for the majority of the total market share. These tiles are used in the construction industry due to their low cost, availability in varied shapes and sizes, durability, and resistance towards stains, corrosion and weather.
- Ceramic tiles are widely used for residential, commercial and replacement applications. Out of these, they majorly find applications in the residential sector mainly due to their aesthetic appearance.
- Region-wise, the market has been categorized into Brazil, China, Vietnam, India, Indonesia and Others. Currently, China is the biggest consumer, producer and exporter of ceramic tiles due to low labor costs and wide availability of raw materials in the region.
- The competitive landscape of the industry has been analyzed with the major players being Lamosa, RAK Ceramics, Ceramica Carmelo For, Mohawk Industries Inc. and Siam Cement.
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.
Follow us on twitter: @imarcglobal